CYBERSECURITY
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PER CAPITA COST BY INDUSTRY ($USD)<br />
355<br />
HEALTHCARE<br />
246<br />
EDUCATION<br />
221<br />
FINANCIAL<br />
208<br />
SERVICES<br />
195<br />
LIFE SCIENCE<br />
172<br />
RETAIL<br />
164<br />
COMMUNICATIONS<br />
156<br />
INDUSTRIAL<br />
148<br />
ENERGY<br />
145<br />
TECHNOLOGY<br />
139<br />
HOSPITALITY<br />
133<br />
CONSUMER<br />
131<br />
MEDIA<br />
129<br />
TRANSPORTATION<br />
112<br />
RESEARCH<br />
80<br />
PUBLIC<br />
Source: Ponemon 2016<br />
These trends have occurred despite the fact that cybersecurity technology and services has been one<br />
of the fastest growing areas within technology over the last few years, increasing (in terms of revenues)<br />
at an average rate of 9.5% annually since 2010 (the overall I.T. infrastructure market has grown by<br />
1% over the same period), according to Gartner. 10 This suggests that the current security paradigm,<br />
encompassing security technology and services as well as government and management level<br />
oversight is still yielding ineffective results.<br />
GLOBAL I.T. SECURITY SPENDING<br />
80 2.5%<br />
70<br />
60<br />
2.0%<br />
$ billions<br />
50<br />
40<br />
30<br />
1.5%<br />
1.0%<br />
20<br />
10<br />
0<br />
48<br />
2010<br />
55<br />
2011<br />
60<br />
2012<br />
65<br />
2013<br />
72<br />
2014<br />
75<br />
2015<br />
0.5%<br />
0.0%<br />
Global I.T. Security Spending ($ Billions, LHS)<br />
As a % of Total Global IT Spending<br />
Source: Gartner<br />
10<br />
Gartner, 2015, ‘Gartner Says Worldwide Information Security Spending Will Grow Almost 4.7 Percent to Reach $75.4 Billion in 2015’,<br />
September 23 2015, http://www.gartner.com/newsroom/id/3135617<br />
Amity Insight September 2016 7
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